In a major win for Pakistani innovation on the global stage, JR Dallas Tech Fund has committed a groundbreaking $10 million investment to tech powerhouses Mehwish Salman Ali and Malik Mudassir to lead a strategic startup investment initiative focused on scaling ventures in the United States.
This strategic funding, announced by the private investment arm of JR Dallas Wealth Management, grants Mehwish and Malik full authority to deploy capital across high-growth sectors such as artificial intelligence, cloud infrastructure, digital health, and cybersecurity. The investment aims to identify global startups with U.S. scaling potential—especially those led by bold innovators ready to disrupt the American market.
Jehangir A. Raja, Managing Partner at JR Dallas Tech Fund and a respected Wall Street veteran, called the duo “two of the most visionary technology leaders of our generation.” The $10 million commitment is expected to drive significant economic impact in the U.S., including the creation of up to 500 high-skilled tech jobs, regional development in Texas, and projected revenues of $50–100 million over the next three years.
Mehwish Salman Ali, a celebrated tech entrepreneur and Forbes Technology Council member, is the force behind Data Vault, Pakistan’s first solar-powered, quantum-encrypted AI data center. She’s also the co-founder of Zahanat AI, Pakistan’s first homegrown GPT model, and COO at AppsGenii Technologies.
Her counterpart, Malik Mudassir, serves as the Founder & CEO of AppsGenii Technologies and is credited with scaling ventures like GharPar, BoxesGen, and Dental Connect. With operations across the U.S., UK, and Pakistan, Malik is also a member of the Central Executive Committee at P@SHA, helping drive policy and innovation in Pakistan’s tech ecosystem.
The fund is set to invest between $250,000 and $1.5 million per startup, focusing on 15–20 high-impact companies over the next 24 months. Each startup must plan for a significant U.S. presence, positioning Pakistan-linked innovation as a strong contributor to American tech growth.
“Receiving this $10 million is more than capital—it’s a mandate to bridge global innovation with American opportunity,” said Mehwish. Malik added, “Scaling in America requires more than tech—it demands strategic partnerships, deep insight, and execution, and we’re here to deliver exactly that.”
This landmark deal reinforces the global reputation of Pakistani entrepreneurs and highlights the immense potential of cross-border innovation backed by visionary leadership and robust capital.
